Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice-White, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below. Product Percentage of total sales Sales White 48% Fragrant 20% Loonzain 32% Total 100% Variable expenses $ 355,200 106,560 100% 30% $ 148,000 118,400 100% 80% $ 236,800 130,240 100% 55% $ 740,000 355,200 100% 48% Contribution margin Fixed expenses Net operating income $ 248,640 70% $ 29,600 20% $ 106,560 45% 384,800 230,880 52% $153,920 Dollar sales to break-even Fixed expenses/CM ratio = $230,880/0.52 $444,000 As shown by these data, net operating income is budgeted at $153,920 for the month and the estimated break-even sales is $444,000. Assume that actual sales for the month total $740,000 as planned; however, actual sales by product are: White, $236,800; Fragrant. $296,000; and Loonzain, $207,200. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data.